You are here

Green Property Management

Share

Overview

Green leases (also known as aligned leases, high performance leases, or energy efficient leases) align the financial and energy incentives of building owners and tenants so they can work together to save money, conserve resources, and ensure the efficient operation of buildings. Energy and environmental performance are emerging as key benchmarks in how commercial real estate buildings are judged and priced in today's market. According to a recent survey, 88% of corporate and developer respondents expect to own, manage or lease some green properties five years from now. Learn about the importance and value of environmental sound practices in property management, and about trends, certification programs, and other resources for the green property manager.

References

We've already done the research for you. References (formerly Field Guides) offer links to articles, eBooks, websites, statistics, and more to provide a comprehensive overview of perspectives. EBSCO articles (E) are available only to NAR members and require a password.

Green Designation

Looking for more formal training in green property management? NAR's Green designation has a property management track. The Green designation provides real estate professionals with the knowledge and awareness of green building principles applied in residences, commercial properties, developments, and communities so that they can list, market, and manage green properties as well as guide buyer-clients in purchasing green homes and buildings.

Do Green Buildings Make Dollars and Sense? (USD-BMC Working Paper 09-11, Nov. 2009) – An analysis of operating costs, energy impacts, productivity and tenant attitudes from a major real estate portfolio. Results suggest green management practices are increasingly important to tenants

Getting Started With Sustainability (Journal of Property Management, Jan./Feb. 2009) – You've gotten on board and have decided it's time to enhance your portfolio's sustainability. Now the question is, where do you start, given these economically challenging times? E

Coming Up Green (Journal of Property Management, Nov./Dec. 2008) – Retrofitting existing properties into sustainable, green buildings isn't an easy task, but it is one that can offer substantial payback for your properties E

LEED, Liability, and YOU (Buildings, Aug. 2011) – With multiple parties working on one project’s LEED certification, there's enough blame to go around when something doesn't go as expected, but deciding which party owns the blame becomes the challenge E

Avoid Red Ink With Green Leases (Journal of Property Management, Sept./Oct. 2010) – The movement toward sustainable or green building is well past its infancy, and continues to gain momentum. Green leases need to keep pace, and reflect the environmental and economic goals of both tenants and landlords E

Compost Moves Up in NYC (Wall Street Journal, Jan. 21, 2013) – Half-eaten salads tossed out by Midtown office workers these days can end up being carted to an upstate compost farm and then returned to Midtown buildings for use as fertilizer on green rooftops

Raise the Roof (Journal of Property Management, July/Aug. 2008) – Green roofs can provide many benefits that a typical roof system cannot, such as decreased heating and cooling costs, better property aesthetics and increased roof life E

Websites, Journals & Certification Programs

Building and Environment — Original papers and review articles on research, technology, and tool development related to building science and human interaction with the built environment

Journal of Sustainable Real Estate — This independent journal intends to foster truth surrounding the myriad questions of how to become more efficient, healthier, and more productive while recognizing that economics and regulation will drive the sustainable real estate market

US Green Building Council — Committed to a prosperous and sustainable future for our nation through cost-efficient and energy-saving green buildings

Energy Star for Buildings and Plants — Created in 1992 by the EPA, the Energy Star program has since gone international and is one of the leading marks for energy efficiency in the world for consumer goods, homes and buildings

Books, Videos, Research Reports & More

The resources below are available for loan through Member Support. Up to three books, tapes, CDs and/or DVDs can be borrowed for 30 days from the Library for a nominal fee of $10. Call Member Support at 800-874-6500 for assistance.

The inclusion of links on this page does not imply endorsement by the National Association of REALTORS®. NAR makes no representations about whether the content of any external sites which may be linked in this page complies with state or federal laws or regulations or with applicable NAR policies. These links are provided for your convenience only and you rely on them at your own risk.